Remove thebarriers of “not enough” time and “too costly” and small businessowners would leap at the chance to add benefits. (Photo:Shutterstock)
The insurance and broker industries have been abuzz aboutproposed Labor Department changes that could allow more businessesto offer employer-sponsored group benefits to theirworkers. While this opportunity is great, both franchisors and the roughly 800,000 franchiseesmall businesses need to be especially diligent that they don'texpose themselves to legal repercussions in pursuitof association or group sourcing benefitsstrategies.
To avoid missteps and reap the advantages of theseexpanding opportunities in collective sourcing options,franchisors, franchisee member associations, and their advisorsshould navigate these new waters carefully.
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